Choosing the right credit card for a business is a critical decision that can have long lasting financial impacts on the company. With the various number of cards available today, the company should ensure they identify their needs and be sure to select the best business credit cards. Evaluating a few simple pieces of information can help a business sort through the sea of top credit cards available.
Interest Rate
The interest rate offered on the card is the single most important consideration if the company is not planning to pay off the balance of the card every month. Most businesses can charge a considerable amount in a short period of time when ordering supplies or paying for other business functions. On high balances, even a few points in interest can cost the company a considerable amount every month. If the balance is paid every month, this is less of a consideration.
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